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Stock impact report

Shell joins Qatar's LNG expansion mega-project [Reuters]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Reuters
natural gas (LNG) project, following agreements with TotalEnergies, Exxon, ConocoPhillips and Eni. FILE PHOTO: A view shows a board with the logo of Shell at the company's fuel station in Saint Petersburg, Russia May 6, 2022. REUTERS/Anton Vaganov Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy CEO Saad al-Kaabi told a news conference. TotalEnergies and Exxon will also hold 6.25% stakes. Qatar is partnering with international companies in the first and largest phase of the nearly $30 billion expansion which will boost Qatar's position as the world's top LNG exporter. Oil majors have been bidding for four trains - or liquefaction and purification facilities - that comprise the North Field East project. In all, the expansion plan includes six LNG trains that will ramp up Qatar's liquefaction capacity to 126 million tonnes per annum (mtpa) from 77 by 2027. On Tuesday Kaabi said any more buyers entering into the North Field East expansion Show less Read more
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